Loading ...Canadian small businesses expect to be hurt most by new ‘green’ regulations
New environmental regulations could mean a lot more red tape and add to the financial burden already being faced by struggling small and medium-sized enterprises in Canada, experts warn.
SMEs that are suppliers for bigger companies may have to track their emissions and report back to those companies, which are the ones more specifically targeted by the regulations, Wittevrongel said. This could influence those big companies to favour doing business with SMEs that have the ability to support the required emissions reporting, she added.
“This requirement is therefore likely to create an obstacle for private companies not large enough to have a compliance department,” she wrote.